Massachusetts Senate candidate Elizabeth Warren casts Obama as a defender of middle class values in her DNC address.
By nominating Ryan, Romney goes from an overly cautious focus on the economy to a broader statement about the size and role of government.
The Consumer Financial Protection Agency unveiled new regulations on Friday that would help shield consumers against foreclosures or sudden hikes in mortgage interest rates.
The resignation came as Barclays was preparing to demand American-born Diamond, 60, hand back almost £20 million ($31 million) in bonuses
Five years into the most significant global financial crisis since the 1930s, the world's leaders have formulated neither the fiscal policies nor the monetary policies required to deal with it, according to the Bank for International Settlements' 82nd Annual Report, which was released Sunday.
The vast majority of donations from members of the financial industry have so far flowed to Mitt Romney, according to an analysis by POLITICO.
The new bill would prevent financial executives from obtaining insurance policies that protect their paychecks.
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
JPMorgan's massive $2 billion trading loss has spilled over into presidential politics, with presumptive Republican nominee Mitt Romney calling the disastrous trade as an example of the inherent risks of the free market.
During a Tuesday morning appearance on the talk show The View, President Obama attributed JPMorgan's $2 billion trading loss to a lack of financial regulation.
The Glass-Steagall Act of 1933 was a Depression-era law that separated investment and commercial banks. It was repealed in 1999 during the Clinton administration.
JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
China's state banks make money far too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get timely access to capital, state media cited Premier Wen Jiabao as saying on Tuesday.
China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
The BRICS nations met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East. But they still wield no power as a bloc, says an expert who has studied the BRICS phenomenon
President Barack Obama would vastly outperform his Republican opponent among Latino voters -- a rapidly-growing voting bloc that could prove decisive in several swing states in 2012, according to a new Fox News Latino poll.